Page 26 - Startups In India
VerSe Innovation raises $450 mn in Series I funding from global investors
VerSe Innovation's proprietary technology platform serves one out of every two internet users in the country
 "VerSe Innovation raises $450 mn in Series I funding from global investors")
Robotics firm Miko raises $28 mn from existing and new investors
The new funds will be used to fund product development and strengthen global alliances as the company builds a strong global brand.
 "Robotics firm Miko raises $28 mn from existing and new investors")
Slurrp Farm, two others to get $50,000 from Amazon's accelerator
A panel evaluated the entries on a variety of parameters including business idea, scalability and strength of the business plan
 "Slurrp Farm, two others to get $50,000 from Amazon's accelerator")
Doxel raises $40 mn in Series B funding from Insight Partners, others
The funding would help Doxel to accelerate recruiting across its engineering, sales, marketing and product teams
 "Doxel raises $40 mn in Series B funding from Insight Partners, others")
Blue Tokai raises Rs 17 cr in pre-series B bridge round led by Anicut Angel
The company started out selling its specialty coffee online and via B2B partnerships; then sought to provide the complete coffee experience through cafes
 "Blue Tokai raises Rs 17 cr in pre-series B bridge round led by Anicut Angel")
Cloud-garage startup Fixcraft raises $1 million in pre-series A round
The brand has already serviced 3,500 customers till date and plans to double the number by the end of the financial year 2021-22
 "Cloud-garage startup Fixcraft raises $1 million in pre-series A round")
Messaging firm Gupshup raises $240 mn from existing and new investors
This funding round follows the $100 million raise from Tiger Global in April, at a $1.4 billion valuation. Gupshup's valuation remains unchanged post the current round
 "Messaging firm Gupshup raises $240 mn from existing and new investors")
Flipkart Ventures, Tiger Global invest in Thrasio-style venture G.O.A.T
G.O.A.T was founded by Rameswar Misra and Rishi Vasudev, a veteran retail executive, who previously headed Flipkart's fashion business.
 "Flipkart Ventures, Tiger Global invest in Thrasio-style venture G.O.A.T")
Bizongo scales to $150 mn in annualised revenue, nears profitability
Bizongo is backed by investors such as Schroder Adveq, CDC Investment, AddVentures, Chiratae Ventures, IFC, Accel and B Capital Group
 "Bizongo scales to $150 mn in annualised revenue, nears profitability")
16 unicorns, $11bn funding: Indian startups rise sans Chinese money
The great Indian tech startup story is being rewritten amid the Covid-19 pandemic as traditional sectors still bear the brunt.
Droom founder, family office to invest in 10-12 startups every year
Droom founder Sandeep Aggarwal and his family office have invested over Rs 25 crore in 18 startups, they are looking at backing about 10-12 companies a year in startup ecosystem
 "Droom founder, family office to invest in 10-12 startups every year")
Zomato IPO subscribed 38 times, generates demand worth over Rs 2 trillion
Nearly three-fourth of bids came from institutional investors, with QIB portion garnering 52x subscription
 "Zomato IPO subscribed 38 times, generates demand worth over Rs 2 trillion")
Valuation of Indian unicorns to rise manifold amid pandemic: Experts
Experts say large funding rounds and valuations demonstrate significant interest from global investors, including sovereign funds, private equity and crossover funds
Meat startup TenderCuts enters Bengaluru, to add 10 stores by year-end
Firm follows omni-channel model; the order a customer places for a product is directed to nearest TenderCuts store and the butcher slices the meat only after the order is received
 "Meat startup TenderCuts enters Bengaluru, to add 10 stores by year-end")
Construction mgt app Powerplay raises $5.2 mn from Accel, Surge and others
Powerplay is a free mobile app that connects multiple stakeholders involved in construction, enabling them to communicate and collaborate more efficiently
 "Construction mgt app Powerplay raises $5.2 mn from Accel, Surge and others")
Edtech firm upGrad earmarks $250 mn for M&A, non-linear growth
upGrad is set to cross $500 million annual revenue run rate by March 2022 and is looking to raise close to $400 million at a $4 billion valuation.
 "Edtech firm upGrad earmarks $250 mn for M&A, non-linear growth")
Bike taxi startup Rapido plans to ramp up hiring of women captains
India's largest bike taxi platform has also filed for the bike taxi service application with the State Transport Authority in Karnataka
 "Bike taxi startup Rapido plans to ramp up hiring of women captains")
WinZO raises $65 mn in Series C round, led by Griffin Gaming Partners
Griffin is making its first-ever investment in India in WinZO
Inflection Point Ventures leads in early-stage round in AR start-up peAR
The startup's proprietary image to 3D model technology has enabled it to make 3D models of the food at scale
 "Inflection Point Ventures leads in early-stage round in AR start-up peAR")
Meddo Health closes pre-series A round at $6 million led by SRI Capital
Meddo equips OPD clinics with tech-enabled solutions to turn them into full-service medical centres, complete with ERM systems, diagnostic support, medicine delivery services/support
 "Meddo Health closes pre-series A round at $6 million led by SRI Capital")